Global Skid-steer Loaders Market 2017-2021

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Global Skid-steer Loaders Industry Outlook

The market research report on global skid-steer loaders market identified the growth in residential construction to be one of the major factors having a positive impact on the growth of the market. The developed countries around the globe have witnessed an increase in residential construction activities. The increasing population and the rise in spending capacity of individuals in these regions have fueled the demand for residential constructions. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 7% by 2021.

The growth in rental of construction equipment is one the latest trends that will gain traction in the skid-steer loaders market. Construction equipment renting is quite high in small and medium-sized enterprises. The leading vendors in the equipment manufacturing sector are providing heavy equipment on rent. For instance, one of the key vendors Caterpillar, provides skid-steer loaders for rent to construction companies which will allow them to reduce operational cost. Such skid-steer rental options will fuel the growth of the market during the next few years.

Competitive landscape and key vendors

With the presence of several large and small vendors, the market appears to be fragmented. The vendors in the market compete based on factors such as price, products offered, and customization options. The large companies are providing sufficient funding to the small companies as a partnership to support the demand for their products. For instance, Caterpillar is funding the online rental platform Yard Club.

The report offers a detailed analysis of several leading companies, including:

• Bobcat
• CASE Construction
• Caterpillar
• Komatsu
• Terex

The other prominent vendors in the market are AB Volvo, Deere & Company, Hyundai, J C Bamford Excavators, KUBOTA Corporation, Liugong Machinery, Lonking Machinery, Manitou Americas, Takeuchi Manufacturing, and Wacker Neuson.

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Skid-steer loaders market segmentation by geography

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market by 2021. The region is witnessing increased investments in construction projects towards the residential sector. The demand for single-family residential houses or privately-owned housing units witnessed a huge growth in 2016. This is mainly due to factors such as the increase in population and public spending, the rise in income, and the growing spending capacity of individuals. The increasing sales of homes in the developed countries will subsequently boost the demand for construction equipment market such as skid-steer loaders in this region.

Key highlights of the global skid-steer loaders market for the forecast years 2017-2021:

• CAGR of the market during the forecast period 2017-2021
• Detailed information on factors that will accelerate the growth of the skid-steer loaders market during the next five years
• Precise estimation of the global skid-steer loaders market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the skid-steer loaders industry across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of skid-steer loaders companies

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